Loans

go to a buy here pay here car lot with a nice down payment you will get a car. BUT ask your trustee for permission.

NO, it wasnt stolen.

No, why would they report it stolen?

If you default on the loan they will simply have it repossesed in order to sell the car and recoup some (and if they are lucky all) of the funds needed to payoff the debt.

Yes they can actually. If you are leasing or financing you signed a contract. Once you default on that contract, the contract can be deemed void and therefore your rights to drive the car can be terminated. If they are unable to reach you and you are "not cooperating" they have the right to report their property as stolen in order to get the vehicle back.

For further help, look over that contract you signed. = )

As soon as you can find a lender willing to loan money on the collateral.

It will depend MOSTLY on your CR and the condition of the "collectors model" car.

Your odds are not good, but, not impossible either. How much work are you willing to do to sell the car? Lets say you owe 10K, cars worth 7K,you find a buyer for 8K. You will have to come up with 2K to pay it off and sell it. The lender will help you with the details. If the lender sells it at auction, they mite get 4-5K for it, so it is your best interest to find a buyer with more money to spend. maybe you can borrow enough on the other car to make the payoff on the upside down car????

It used to be 60 months, but there are now banks / car lots writing 72 and even 80 month car loan notes.

On a new car, do not finance for more than 5 years... If you do, most likely you'll be out of warranty. What if the engine dies at 61 months and it'll cost $3000 to replace it, but the book value on the car is only $2000 and you still owe $3300? Sounds like a pretty crappy situation!

Normally, once you get past 5 years, the payments don't go down enough to make it really worth it anyway.

On a used car, never do more than 24 months (unless it's certified, then MAYBE 36).

These new 66 and 72 month loans are popular because they allow a buyer to get a fully-loaded car instead of the base model, but they are stuck with the car for a long time and there is a good chance you'll have problems.

YOU pay off the loan like you agreed to in the contract. You likely agreed to have ins. that covered theft also.

You should have had full coverage on a car with a loan on it. Sorry, you have to pay the loan off and now you own a totaled car! Comprehensive coverage isn't that expensive and would have covered theft.

Maybe small claims court. Check with a local attorney. the best protection is DONT CO SIGN.

Generally anyone who causes financial damages, which non payment of the debt as promised would seem to be, can be sued to have those damages recovered from.

If one can pursue it in small claims court or needs a different one is really only dependent on the size of the claim, not the cause of action. In most areas the limit on awards in small claims is low, something like $1500 (varies). Anything more would require the higher, more procedurally formal court actions.

You should be able to get a car loan anywhere in the U.S., if you have a note from your doctor stating that you are capable of driving and if you own a house or have property and you haven't made past loans and used this up in collateral you could use your home or property as collateral for a car. If you are renting and just have a pension coming in (hopefully a company pension as well) then go for a used car approx. 3 - 5 years old and in good shape rather than a new car. If you have grown children, a nephew or a younger friend have them go with you to check out used vehicles. If your legs have had injuries there is usually a place you can go (some mechanics) that will either put "hand controls" for your brakes/gas where you can reach it. I've seen these types of controls in a car several times in Canada. Good luck! Marcy

As long as you haven't signed the contract, you will just have to find other financing.

"Co" signers are equally responsible, so there is no difference between being first or second on the loan. If you're trying to make her be the only one responbible for the loan, she would have to re-finance on her own. If you are both on the title, she would have to buy the car from both of you and re-title in her own name.

Find out what car dealers don't want you to know at www.dealertricks.com

Not without her knowledge and signature.

Other than Paying off the loan, you DONT. Charge-off is an accounting term to explain why the lender didnt make any profit on the loan. As long as the vehicle is collateral for a loan, you dont get clear title.

IF you have a big enough down payment and a co-signor, most BHPH(note lots) will finance anyone.

IF the lender approves, YES.

The pros of making your inurance payment separately in my case is that it allows me to pay the entire year at once. I can then take the difference from what my monthly mortgage payment would have been and invest it until my next premium is due. I keep the gains, withdrawl the amount for the premium and repeat this prcedure year after year. The con would naturally be coming up with the initial full year premium. As far as just making the monthly premium payment, I can't think of any advantages to paying the insurance company separately, other than if your premiums go down (yah right) you would realize the savings right away, instead of waiting for an escrow refund.

There are no "requirements" as in you are required to get it unless you mean Private Mortgage Insurance. 2 different things.

I'll assume that you mean mortgage insurance since that is how your question is phrased. The requirement for mortgage insurance is set by the lender at the time you originate your loan. If it is required to get approval for your financing, then it is not optional. In the state of Nebraska you can ask that the MI be cancelled once you have paid your mortgage down to 80% based on the original value of the property or when you can show that the property has appreciated enough to show a current loan to value of 78% through appreciation.

Do u really need mortgage insurance? Do u have any other life insurance policy? If yes, then that policy is sufficien. Just check that its amount is enough to cover your CURRENT mortgage amount. feel fre to contact back. Answer Mortgage insurance is usually required by the lender if the loan is in excess of 80% of the loan value of the property. A mortgage insurer is usually an investor or a group of investors. In most states there is no requirement for mortgage insurance when the loan is 80% or below the value of the property. A simple letter to the lender will usually get the mortgage insurance cancelled. If your home is in an area where values are increasing rapidly, then it is quite possible that you will have enough equity to drop the MI after only 2 years. Contact your lender

Do you have another life insurance of sufficient amount to cover mortgage, then you do not need extra mortgage insurance. Any way it is also a simple life insurance policy, just named differently to get more business. It is not essential.

Life insurance is not private mortgage insurance (PMI) PMI covers the lender if you default on the loan. Basically you are paying for insurance for the lender. Once the loan is 80% or below the property value the lender will usually cancel the requirement for PMI.

You do have the right you choose your own private mortgage insurer, as long as they are approved to do business with your lender. You can ask your lender for the premiums of each of their carriers and decide for yourself which you want to use. The prices from various carriers are virtually the same for borrowers with good credit, however if you have poor credit the rates can vary widely and it is worth your time to as the question.

Banks require a 2 year job history, you can have different jobs as long as they were in the same industry. So as long as you can piece together atleast a 2 year job history, you will be fine. If you have any issues there are alternative documentation types such as stated income, no documentation, etc.

You should consult an attorney, but it sounds like the title company was negligent. You should demand they compensate you for it and if they don't, take them to small claims court (or higher level court depending on the amount allowed in your jurisdiction).

A CEMA mortgage is a very specific mortgage document. Was the original mortgage a CEMA mortgage and do you have an Owner's Policy issued by the title agency for that transaction?

I am assuming you used an attorney for your closing, so consult that attorney as to what can be done, since you PAID that attorney for legal advise in the transaction.

If the title agency collected a recording fee and did not use it to record a document (ANY document) that is a RESPA violation which can have very serious consequences for the title agency.

I would go to their UNDERWRITER with the complaint and see what happens from there. Typically the Underwriter will consult with their Agents so that claims are not filed. They may be able to compel them to perform accordingly.

If you had an Owner's Policy issued in the transaction, I'd immediately file a claim. If this was on a refinance transaction, you need to make sure that a CEMA mortgage was used by the lender.

In either case, you are entitled to remedy of the situation.

The current usury rate for the state of Louisiana is 12 percent, in September of 2014. The law in Louisiana states that the lending rate for personal loans cannot be more than 1 percentage point over the prime lending rate. It also states that the usury rate cannot fall below 7 percent.

Credit scores are calculated based on ALL the information in your credit file when the score is requested. Without extensive information about what your file contains, it would be impossible to guess the impact or the time frame. In general, paying off collection accounts causes them to be updated. The update (recently reported zero balance) or "status" date is the factor that impacts your score. So, if your collections were updated in January, 2005; then 13 months later, in 02/06, the deductions to your score would lessen. Once again, it would depend upon all the information used in the scoring calculations. Do you have any positive, ongoing accounts to offset the derogatory items. Auto financing can be obtained with very low scores, even in the 500's. So having current, positive, accounts MAY make it possible for you to purchase a car on credit even before 13 months. Good luck!